Webinar: Pricing strategies for the new $750,000 RAD threshold – December 5
Are you uncertain about the impact of raising the Higher RAD limit to $750,000, the 2% RAD retention, or the indexing of the DAP?
We’re hosting a webinar with Inside Ageing on December 5: Pricing strategies for the new $750,000 RAD threshold.
Date: Thursday, 5 December 2024
Time: 1-2pm (AEDT)
Presenters: Bruce Bailey and George Suharev
The proposed increase in the Residential Accommodation Deposit (RAD) cap, which will raise the maximum RAD providers can charge without approval from $550,000 to $750,000, brings both opportunities and challenges. While increasing RADs above $550,000 is simple, determining the right price for your accommodation remains complex.
Overpricing results in discounts and can have negative reputational impacts, while underpricing undermines your financial sustainability.
In this webinar, we’ll explore the key issues to consider when setting your accommodation price, and the key decision priorities of consumers when choosing a facility. With this background, you will be confident that your new prices don’t leave accommodation revenue on the table which could have increased your financial sustainability.
Topics we'll cover:
- The three key factors to consider when setting your accommodation price
- The importance of a structured accommodation policy
- The real impact of the 2% retention and
- How to optimise accommodation revenue
Join us to gain actionable insights on setting your accommodation price (RAD) so you can be confident that Your Price is right!
All attendees will receive a 2% RAD retention revenue impact model, which will allow you to estimate the impact of this change over the next four years.
To learn more about the webinar and register, click here.